Grupo Dia renews its leadership model

Madrid, August 30, 2022. The Board of Directors of Grupo Dia, at the initiative of its president Stephan DuCharme, has approved the appointment of Martín Tolcachir, until now CEO of Dia Argentina, as Global CEO of Grupo Dia. Tolcachir will assume the company’s strategy at a global level and will lead the execution of the acceleration strategy towards growth in all the countries in which it operates.

The new CEO will work side by side with Stephan DuCharme, who after concluding the redirection phase of the company will continue to be closely linked to Dia and will continue with his non-executive functions as Chairman of the Board of Directors.

With this new corporate governance structure, by separating the functions of the president and the CEO, Grupo Dia seeks to accelerate its sustainable and profitable growth, concentrating on the development of its strategic priorities and maintaining a closer and closer relationship with all its stakeholders. .

As stated Stephan DuCharme, President of Grupo Dia: “Following my appointment in March 2020 as Executive Chairman, we realized that implementing our strategy roadmap would require patience and hard work. This involved developing a new operating model for the Group, based on decentralized and empowered national leadership with full responsibility for results, strategically supported by the company’s corporate headquarters. In addition, it was important to strengthen relationships of trust with all stakeholders”. To which he adds, “We focus on offering a differentiated value proposition compared to our competitors, a new store concept, reviewing our assortment and accelerating the development of our own brand. But, above all, we laid the foundations for a new leadership and a strong management team. This roadmap is already a reality and the rise of Martín Tolcachir demonstrates it”.
and concludes, “I am tremendously proud to conclude the redirection phase of the company thanks to the great team we have today. I fully trust Martín’s ability to lead this group of professionals based on his knowledge of our company and our culture, his previous experience as CEO of Dia Argentina and other multinationals, as well as his ability to face challenges such as inflation. “.

In this renewed organizational structure of the Dia Group, Martín Tolcachir, as Global CEO of the company, will be responsible for implementing Dia’s renewed strategy, guaranteeing the continuity of a strategy that is already bearing fruit. Martín’s appointment coincides with the arrival of a new stage after the achievement of an important milestone in which the company has substantially completed its 2020 roadmap in 80% of its business, which is now “growing”, as and as announced in the results of the first half of this year.

With a degree in Business Administration and Management from the University of Buenos Aires and an MBA from the IMD Business School, the new Global CEO of Grupo Dia has more than 20 years of experience in the distribution and mass consumption sector, in companies such as Carrefour or Electrolux. He joined Dia in September 2020. His experience in building solid and reputable brands and the success of his performance at Dia Argentina, where he has driven the implementation of the company’s strategy and value proposition and the development of a solid executive team, they are your best guarantees. His appointment reflects Grupo Dia’s commitment to internal talent, which in the last two and a half years has reinforced the leadership of its Management Committee with professionals with recognized track records who will now work under the renewed leadership of Tolcachir.

In the words of Martín Tolcachir, new Global CEO of Grupo Dia: “I face this new challenge with enormous responsibility and enthusiasm, determined to make the sum of the work of all of us who make up Dia reinforce our focus on the client and the acceleration strategy towards the growth of our company. To this end, we will continue to focus on proximity, without forgetting the values ​​that give meaning to Dia, its strong social commitment and our firm commitment to franchisees and local suppliers, as well as digitization and e-commerce as levers for reinforce proximity.

and underlines, “As Global CEO of the DIA Group, I am committed to keeping alive our ambition to lead the neighborhood store wherever we operate and within everyone’s reach. I am sure of having the best professional team and the certainty of being backed by the passion of our employees, franchisees and suppliers, as well as the commitment of our clients to continue building the new Dia that we have dreamed of being”.

In this new framework of continuity, Spain will continue to play an essential role in the growth of the company, a market that represents more than 60% of Grupo Dia’s business and on which it will put even more focus in this new stage. The CEO of Dia Spain, Ricardo Álvarez, will play a fundamental role in generating growth and profitability in this market for Grupo Dia and will have the full support of Tolcachir and the Company’s Board of Directors.

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